L3Harris Technologies operates as an international communications and information technology company worldwide. The company operates through RF Communications, Integrated Network Solutions, and Government Communications Systems segments. The company was founded in 1916 and is based in Melbourne, Florida.
LHX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for L3Harris Technologies Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that L3Harris Technologies Inc ranked in the 66th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 94%. In terms of the factors that were most noteworthy in this DCF analysis for LHX, they are:
The company has produced more trailing twelve month cash flow than 94.66% of its sector Industrials.
L3Harris Technologies Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than just 22.25% of tickers in our DCF set.
LHX's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than just 22.25% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of L3Harris Technologies Inc? See IR, BCO, WSO, MSM, and CBZ.
As a dividend growth investor, I am always seeking out quality dividend stocks that boast sustainable payout ratios and are able to deliver strong operating results regardless of the operating environment. One stock that I believe is an excellent example of this is the defense contractor L3Harris Technologies (LHX). As...
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L3Harris Technologies (LHX) has been awarded a firm-fixed-price prototype award with a total value of ~$121.63M through the Missile Defense Agency’s authority.Under this award, L3Harris will provide the Missile Defense Agency’s Hypersonic and Ballistic Tracking Space Sensor program with an on-orbit prototype demonstration, culminating with launch and early orbit testing.Work...
L3Harris Technologies (NYSE:LHX) has successfully completed a technology demonstration, under a Defense Innovation Unit prototype contract, for the U.S. Space Force satellite communication system to improve communications with the agency’s growing number of satellites.